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Housing Satisfaction, Homeownership and Housing Mobility: A Panel Data Analysis for Twelve EU Countries

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Author Info
Luis Diaz-Serrano () (Universitat Rovira i Virgili and IZA Bonn)
Abstract

We investigate the determinants of housing satisfaction in twelve EU countries. To do so, we use panel data covering the period 1994-2001, which allows us to control for individual heterogeneity. We carry out separate estimates on the determinants of housing satisfaction for homeowners and for renters and observe that: i) the tenure status is critical in determining the level of housing satisfaction; ii) housing satisfaction acts as trigger event of housing mobility, and; iii) dissatisfied renters are more likely to move than their homeowners counterparts. Our results also allow us to conclude that self-reported housing satisfaction is a meaningful variable able to explain individual’s objective economic behavior, since it is able to anticipate movements in the households’ demand for housing.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2318.

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Length: 48 pages
Date of creation: Sep 2006
Date of revision:
Handle: RePEc:iza:izadps:dp2318

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Related research
Keywords: housing satisfaction; random-effects; fixed-effects; housing mobility; homeownership;

Find related papers by JEL classification:
D1 - Microeconomics - - Household Behavior
R0 - Urban, Rural, and Regional Economics - - General
J0 - Labor and Demographic Economics - - General

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Murphy, Kevin M & Topel, Robert H, 2002. "Estimation and Inference in Two-Step Econometric Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 88-97, January.
    Other versions:
  2. Paul Frijters & John P. Haisken-DeNew & Michale A. Shields, 2001. "The Value of Reunification in Germany: An Analysis of Changes in Life Satisfaction," Department of Economics - Working Papers Series 828, The University of Melbourne. [Downloadable!]
    Other versions:
  3. Luis Díaz-Serrano & Joop Hartog, 2006. "Is there a risk-return trade-off in educational choices? Evidence from Spain," Investigaciones Economicas, Fundación SEPI, vol. 30(2), pages 353-380, May. [Downloadable!]
  4. Diaz-Serrano, Luis, 2005. "Income volatility and residential mortgage delinquency across the EU," Journal of Housing Economics, Elsevier, vol. 14(3), pages 153-177, September. [Downloadable!] (restricted)
  5. Jeffrey M. Wooldridge, 2005. "Simple solutions to the initial conditions problem in dynamic, nonlinear panel data models with unobserved heterogeneity," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(1), pages 39-54. [Downloadable!]
    Other versions:
  6. Alex Bryson & Lorenzo Cappellari & Claudio Lucifora, 2003. "Does Union Membership Really Reduce Job Satisfaction?," CEP Discussion Papers dp0569, Centre for Economic Performance, LSE. [Downloadable!]
    Other versions:
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This page was last updated on 2009-11-23.


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